This episode "Global Compensation Strategy: A Competitive Advantage," explains the complexities and critical aspects of developing a global compensation strategy. It highlights how, while the core financial and non-financial components of compensation remain consistent, international operations necessitate significant adjustments due to factors like cost of living, taxation, cultural values, and local regulations. The article emphasizes the importance of benchmarking, monitoring metrics, and gathering employee feedback to ensure a compensation strategy remains competitive and effective across diverse global locations, ultimately aiming to attract and retain high-quality talent worldwide.
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